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Cornerstone Plaza 238 W North St 650 - 5,728 SF of Retail Space Available in Kendallville, IN 46755
HIGHLIGHTS
- Highly visible location at major intersection of Hwy 3 (Lima Road) and Hwy 6 (West North Street)
- Multiple access locations on Hwy 6 and Hwy 3
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 832 | 1,945 SF | 5-10 Years | $19.38 CAD/SF/YR $1.62 CAD/SF/MO $37,700 CAD/YR $3,142 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 838 | 1,740 SF | 5-10 Years | $19.38 CAD/SF/YR $1.62 CAD/SF/MO $33,726 CAD/YR $2,811 CAD/MO | Triple Net (NNN) |
848 N Lima Rd - 1st Floor - Ste 832
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Central Air Conditioning
- Partially built out endcap space
848 N Lima Rd - 1st Floor - Ste 838
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Central Air Conditioning
- Partially built out endcap space
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 812-C | 705 SF | 3-10 Years | $30.46 CAD/SF/YR $2.54 CAD/SF/MO $21,474 CAD/YR $1,789 CAD/MO | Full Service | ||
| 1st Floor, Ste 832 | 1,945 SF | 5-10 Years | $19.38 CAD/SF/YR $1.62 CAD/SF/MO $37,700 CAD/YR $3,142 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 838 | 1,740 SF | 5-10 Years | $19.38 CAD/SF/YR $1.62 CAD/SF/MO $33,726 CAD/YR $2,811 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 874-A | 688 SF | 3-10 Years | $30.46 CAD/SF/YR $2.54 CAD/SF/MO $20,956 CAD/YR $1,746 CAD/MO | Full Service | ||
| 1st Floor, Ste 874-C | 650 SF | 3-10 Years | $30.46 CAD/SF/YR $2.54 CAD/SF/MO $19,798 CAD/YR $1,650 CAD/MO | Full Service |
848 N Lima Rd - 1st Floor - Ste 812-C
- Rate includes utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Partially built out standard retail space
848 N Lima Rd - 1st Floor - Ste 832
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Central Air Conditioning
- Partially built out endcap space
848 N Lima Rd - 1st Floor - Ste 838
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Central Air Conditioning
- Partially built out endcap space
848 N Lima Rd - 1st Floor - Ste 874-A
- Rate includes utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Partiall built out standard retail space
848 N Lima Rd - 1st Floor - Ste 874-C
- Rate includes utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Partiall built out standard retail space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 5,728 SF | Gross Leasable Area | 134,072 SF |
| Center Type | Neighborhood Center | Total Land Area | 19.34 AC |
| Parking | 350 Spaces | Year Built | 1992 |
| Stores | 26 | Cross Streets | NEC US Hwy 6 & State Rd 3 |
| Center Properties | 5 |
| Total Space Available | 5,728 SF |
| Center Type | Neighborhood Center |
| Parking | 350 Spaces |
| Stores | 26 |
| Center Properties | 5 |
| Gross Leasable Area | 134,072 SF |
| Total Land Area | 19.34 AC |
| Year Built | 1992 |
| Cross Streets | NEC US Hwy 6 & State Rd 3 |
ABOUT THE PROPERTY
650 SF to 3,685 SF of office/retail space available. Major tenants include CVS, BMV, Five Lakes Coffee, Domino's, Wings Etc., Do-It-Center, H&R Block, Check Into Cash. Cornerstone Plaza is situated on 6.16 acres in Kendallville, Indiana. Location is highly visible at major intersections of Hwy 3 and Hwy 6. FOR MORE DETAILED INFORMATION, AND TO VIEW ALL BND PROPERTIES, PLEASE VISIT OUR WEBSITE AT www.bndcommercial.com/listings.
NEARBY MAJOR RETAILERS
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Cornerstone Plaza | 238 W North St
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